At 71 and living off of social security and a meager retirement account that is shrinking TOO fast, I could care less about you fucking 'baby boomers'.
I CAN NOT recoup my financial short comings, but you folks still have time.
Quit bitching!
Oldcatman
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****Baby Boomers fear outliving retirement savings.
USA TODAY: As Baby Boomers prepare to retire, many fear they have not saved enough and will run out of money during their retirement, surveys say.
The growing concerns are causing indecision and inertia at a time when Boomers need to be more involved in their retirement future, financial planners say. As pensions disappear, many of them must rely on 401(k) plans.
"They woke up one day to find themselves responsible for saving and investing and generating retirement income," says David Ramirez, portfolio manager at Financial Engines, which interviewed more than 300 near-retirees and retirees.
Because of the stock market crash, real estate downturn and recession, many Boomers are now terrified that they will outlive their retirement savings. One woman, age 60, who was interviewed by Financial Engines said that she "might be forced to become a bag lady."
USA TODAY
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